Enerpac Tool Group Corp. (NYSE:EPAC) Receives Average Rating of “Hold” from Analysts

Enerpac Tool Group Corp. (NYSE:EPAC) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $52.00.

A number of equities research analysts recently commented on the company. Roth Capital set a $51.00 target price on Enerpac Tool Group and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a report on Monday, December 29th. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, William Blair started coverage on shares of Enerpac Tool Group in a research report on Friday. They set a “market perform” rating for the company.

Institutional Trading of Enerpac Tool Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in shares of Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Enerpac Tool Group during the second quarter worth $42,000. Danske Bank A S acquired a new stake in Enerpac Tool Group during the third quarter valued at $45,000. Advisory Services Network LLC acquired a new stake in Enerpac Tool Group during the third quarter valued at $61,000. Finally, Simplex Trading LLC purchased a new position in Enerpac Tool Group in the second quarter valued at $75,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Price Performance

NYSE EPAC opened at $40.16 on Friday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 24.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.83 and a quick ratio of 2.14. The stock’s fifty day moving average price is $38.91 and its 200 day moving average price is $40.02. Enerpac Tool Group has a 1 year low of $35.01 and a 1 year high of $47.47.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that Enerpac Tool Group will post 1.78 earnings per share for the current year.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.